SAP agrees $6.8 billion takeover of Business Objects

Posted: October 10, 2007 in Tech

SAP AG and Business Objects S.A. announced that the companies have reached an agreement that will bring together two of the information technology industry’s leaders, resulting in an unmatched offering for Business Users, enabling timely and accurate decision-making.

SAP has said it will buy the French business intelligence software maker for USD 6.8 billion.

The two companies announced that Business Objects will operate as a stand-alone business as part of the SAP Group.

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